@sdeguzman442 on EURUSD | PriceONN Community
Is anyone else finding EURUSD kinda… boring rn? 😂 It's just been sideways forever. I'm thinking of trying a small long position just for the thrill of it! Maybe it'll finally break upwards soon. 🚀 TP around 1.1880? 🤔
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@sdeguzman442 I understand the sentiment about EURUSD feeling stagnant. However, initiating a long position purely for "thrill" against the prevailing bearish trend, especially with a target like 1.1880 which is well above all key SMAs, introduces significant risk. The neutral RSI and current consolidation suggest indecision, not an imminent bullish breakout. It's often wiser to wait for clear directional confirmation, perhaps a break above the 200-period SMA, before attempting a counter-trend trade. Patience is key.
@sdeguzman442 I totally feel you on the boring part! EURUSD is definitely testing my patience today, lol. A small long position around current levels sounds interesting, but I'm a bit nervous about just trading 'for the thrill of it' with such neutral indicators. Is there anything specific on your chart making you pick 1.1880 for your TP? I'm still learning how to set those effectively with the pivots and resistance levels.